bail bonds meaning
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Bail Bonds Law and Legal Definition Bail Bonds Law and Legal Definition A bail bond is a bond provided by an insurance company through a bail bondsman acting as agent for the company, to allow an accused defendant to be released before trial. A bail bond is designed to USLegal Home
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- A bond is the bondsman’s pledge to make good on the bail if the defendant doesn’t appear before the court. Traditionally, the defendant pays the bondsman 10% of the value of the bond and puts up collateral security, such as real estate.
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Bail: Getting Out of Jail After an Arrest A person's first thought upon landing in jail is often how to get out—and fast. The usual way to do this is to post bail. Bail is cash, a bond, or property that an arrested person gives to a court to ensure that he or she will appear in court when ordered to do so. If the defendant doesn't show up, the court may keep the bail and issue a warrant for the defendant's arrest.
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- Bail is the cash payment paid by the defendant to the court. A bond is the bondsman’s pledge to make good on the bail if the defendant doesn’t appear. Mode of payment. Cash only. Third party agrees to be responsible for the debt and obligation of the defendant.
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- Q & A (All-about Bail). Typically, a friend, relative or attorney contacts Vanguard Bail Bonds on behalf of the person in jail to arrange for his /her release. This is probably you! If this is your first time needing a bail bond, we know you have lots of questions.This information below will provide a basic understanding of how bail works.. A bail bond is termed, surety bond. It is a piece of paper-the bail bond, underwritten or backed by an insurance company (surety). Each bond written must correspond and not exceed, in face value to that specific amount of bail. This bond is taken by the court, more or less, in exchange for the person in jail.
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General Bail (Bond) Information Bail or bond is an amount of money in cash or surety bond for the purpose of making sure that a particular person attends all required court appearances. Bail allows an arrested person (defendant) to be released from jail until his or her case is completed.
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- bailment (plural bailments) Bail. (law) The handing over of control over, or possession of, personal property by one person, the bailor, to another, the bailee, for a specific purpose upon which the parties have agreed. Hypernyms (in law): contract; Hyponyms (in law): deposit (in law): loan (in law): mandate (in law): pawn (in law): pledge
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Contents: Bail vs Bond The other three are cash, property, and surety bonds ordered in most of the bail-bond cases. Cash bonds, generally referred to as “bail”,are the payment made in cash to the court. Property bonds offer the title to a defendant’s own property, which will be forfeited in the event of non-compliance.
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Self-Help Glossary 1 With a bail bond, the bondsman agrees to pay the full amount of bail to the court if you do not show up to court as required.  In exchange for posting a bond, the bondsman collects a non-refundable fee from you. This fee is generally about 10% of the amount of bail.
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- Collateral on a bond is simply what is accepted by a Bail Agent to guarantee that the Bail Agent is held harmless or in other words does not suffer a financial loss as a result of the Defendant’s bond(s) being forfeited. Collateral is obtained or received by the Bail Agent in several forms.
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Bail the money or property pledged to the court or bail bond A document guaranteeing the appearance of a defendant in court as required and recording the pledge of money or property to be paid to the court if he or she does not appear, which is signed by the person to be released and anyone else acting in his or her behalf.
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Indian System of Bail - Anti Poor The monetary value of the security, known also as the bail, or, more accurately, the bail bond, is set by the court having jurisdiction over the prisoner. The security may be cash, the papers giving title to property, or the bond of private persons of means or of a professional bondsman or bonding company.he concept of bail can traced back to 399 BC, when Plato tried to create a bond for the release of Socrates. The modern bail system evolved from a series of laws originating in the middle ages in England.
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Attachment Bond Law and Legal Definition Attachment Bond Law and Legal Definition. Attachment bond is a bond given by a defendant in order to have an attachment released that ensures payment of a judgment awarded to the plaintiff. It is a bond required of a plaintiff seeking an attachment, conditioned to pay the costs and damages which the defendant may sustain in the event the plaintiff loses the suit.
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The Truth About Bail Bonding Bail bonding is defined as a financial industry specializing in the disbursement of financial loans in the form of bail bonds; in the event that an arrestee is unable to satisfy the required bail payment, they may be eligible to borrow the necessary funds from bail bonding institutions:
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- Bail can be a cash bond, a surety bond, or a property bond. Cash Bail Bonds. If a cash bond is placed on the defendant, the entire amount of the bond must be paid in order for the defendant to leave jail. If the defendant or third party does not have the entire amount of the cash bond, he can contact a bondsman. Some bondsmen will cover the cash bond for a fee. Surety Bail Bonds.
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- A bond is insurance to guarantee an arrestee will appear in court for trial. If that person fails to appear for a court date, the bond money is forfeited. A bond may be posted in cash, by an arrestee or by someone on his/her behalf.
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Bail Bond Agent Licensure A bail agent, also referred to in states as a surety bondsman or professional bondsman, is a person who, for financial gain, guarantees a defendant’s appearance to the court and promises to pay the full financial amount of bond if the defendant fails to appear or otherwise triggers forfeiture.
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- For other uses, see Bail (disambiguation). Bail is money or some form of property that is deposited or pledged to a court, in order to secure the release from custody or jail of a suspect who has been arrested, with the understanding that the suspect will return for their trial and required court appearances.
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Bail The bail bond fee is usually about 10 percent of the total bail amount, although the fee can vary depending on the circumstances. A bail bondsman can help you understand your rights and can assist you with the bail process.
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General Bail (Bond) Information General Bail (Bond) Information. What is bail? Bail or bond (in this case, bail and bond mean the same thing) is an amount of money in cash, property, or surety bond for the purpose of making sure that a person attends all required court appearances. Bond allows an arrested person (defendant) to be released from jail until his or her case is completed. Who can post bond?
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How Does a Cash Bond Work? A cash bond means the court will accept only cash for the full amount of the bond -- not equity in property or other collateral -- in exchange for your release from police custody. For example, if the bond amount is $700, you’ll need to post the full amount in cash or by using a secure payment such as a debit or credit card to get out of jail. According to the website of Cash-Only Bail Bonds, most jurisdictions require the exact amount and will not provide change.
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Contents: Bail vs Bond Under certain circumstances, such as if the person is considered a threat to the society, bail is denied, i.e., the person cannot be released before trial and is “remanded” into police custody. In case of a person who can be released from jail, a bond order has to be granted by the judge. There are two types of bonds - secured and unsecured. A secured bond means that you actually pay money or bail property to secure your release. An unsecured bond or surety bond means you sign a document that says you will pay a certain amount of money if the defendant breaks his/her bond conditions.
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- A bail bond, sometimes known as a surety bond, by definition is a formal, legally enforceable contract between a first party (the principal or obligor), a second party (the customer or obligee), and a third party (the surety, such as a bank, bonding company, or insurance company) whereby the surety guarantees payment of a specified maximum sum, or ...
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Do you have to pay bail bond after you are sentenced? A bail bond is an insurance policy purchased to guarantee the appearance of a defendant in court. Once the defendant has been sentenced, the trial is over and any bail bonds are generally exonerated by the court, meaning that the insurance company is no longer responsible for guaranteeing the defendant's appearance.
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- Most people are familiar with bail bonds. Someone arrested on a criminal charge may be held until trial, unless they furnish the required bail. The posting of a bail bond acquired by or on behalf of the incarcerated person is one means of meeting the required bail.